State Insurance Commissioner Steve Poizner announced he will file a lawsuit to block the sale of $1 billion worth of assets of the State Compensation Insurance Fund to help close a mammoth budget deficit.

Friday, August 28

State Insurance Commissioner Steve Poizner said he will file a lawsuit to block the sale of $1 billion worth of assets of State Compensation Insurance Fund designed to help close a mammoth budget deficit.

Northrop Grumman Corp. has reached an agreement with the U.S. Environmental Protection Agency to spend $21 million to build a groundwater cleanup system to cleanse a major contamination site in the San Gabriel Valley.

A Los Angeles judge has ruled that Guess Inc. co-founder Georges Marciano must pay $55 million in damages for trying to ruin the reputation of an accountant hired to investigate five former employees who later successfully sued him.

The Los Angeles Business Journal's index of the 200 largest local public companies eked out a slight gain for the week ended Aug. 28, boosted by a series of positive economic indicators, including a rise in consumer spending.

A Los Angeles judge has ruled that Guess Inc. co-founder Georges Marciano must pay $55 million in damages for trying to ruin the reputation of an accountant hired to investigate five former employees who later successfully sued him.

Northrop Grumman Corp. has reached an agreement with the U.S. Environmental Protection Agency to spend $21 million to build a groundwater cleanup system to cleanse a major contamination site in the San Gabriel Valley.

State Insurance Commissioner Steve Poizner said he will file a lawsuit to block the sale of $1 billion worth of assets of State Compensation Insurance Fund designed to help close a mammoth budget deficit.

A group of Tribune Co. bondholders have sought approval from a U.S. judge to investigate billionaire Sam Zell's $8.3 billion buyout of the Los Angeles Times' parent, which they say drove it to bankruptcy.

Several of the nation's biggest trade associations have fired a warning shot across the bow of the Port of Los Angeles, urging it to cease lobbying efforts to change a federal law that could greatly affect the way cargo is hauled into and out of the natio

Employers Direct Insurance Company, which earlier announced that it was backing out of the California workers’ compensation insurance business, said Tuesday that it was selling the renewal rights of certain existing policies to another company.

Employers Direct Insurance Company, which earlier announced that it was backing out of the California workers' compensation insurance business, said it was selling the renewal rights of certain existing policies to another company.

The Los Angeles County coroner's finding that the death of Michael Jackson was a homicide could mean criminal charges for his doctor, who told investigators that he administered a mix of powerful drugs to treat the pop star's insomnia hours before his dea

Vernon motorcycle importer Viva Motorsports Inc. shut its doors within weeks of receiving a $268,000 fine from the California Air Resources Board for allegedly selling motorcycles that did not meet standards.

Northrop Grumman Corp. and General Dynamics Corp., the U.S. Navy's two largest shipbuilders, are reviewing their work on Virginia-class nuclear submarines after defects were found on weapons-handling systems of four vessels.

The company that brought color to the big screen in such classics as "Gone With the Wind" and "The Wizard of Oz." has invested more than $200 million in its production facilities to reinvent itself yet again.

Vernon motorcycle importer Viva Motorsports Inc. shut its doors within weeks of receiving a $268,000 fine from the California Air Resources Board for allegedly selling motorcycles that did not meet standards.

In a sign that the recession still has Los Angeles in its grip, the county’s unemployment rate shot up to a modern record of 11.9 percent in July from a revised 11.2 percent in June thanks to steep cuts in public education payrolls.

In a sign that the recession still has Los Angeles in its grip, the county's unemployment rate shot up to a modern record of 11.9 percent in July from a revised 11.2 percent in June thanks to steep cuts in public education payrolls.

When President Obama first outlined his stimulus plan to boost the economy, leaders across the country envisioned a burst of federal funding to build high-speed rail lines, modern classrooms and a new national electricity grid. Latrine repair? No one ment

Thursday, August 20

Georges Marciano said he has filed an appeal with the California Supreme Court of a lower court ruling ordering the Guess Inc. co-founder to pay damages to five former employees who said they were defamed and suffered emotional distress when he sued them for embezzlement.

Northrop Grumman Corp. said it received an Army contract valued at $296 million to continue development of a system that provides ground intelligence to soldiers. In addition, a news report said the Los Angeles defense contractor is considering selling an unrelated business unit.

Northrop Grumman Corp. said it received an Army contract valued at $296 million to continue development of a system that provides ground intelligence to soldiers. In addition, a news report said the Los Angeles defense contractor is considering selling an

A federal judge has ruled that Bank of America Corp. cannot have an investor lawsuit seeking to force it to buy back Countrywide Financial mortgages heard in federal court, saying he lacks jurisdiction to decide the case.

A-list movie stars have long been measured by their ability to fill theaters on opening weekend. But never have so many failed to deliver, resulting in some rare soul-searching at movie studios about why the old formula isn't working.

Georges Marciano said he has filed an appeal with the California Supreme Court of a lower court ruling ordering the Guess Inc. co-founder to pay damages to five former employees who said they were defamed and suffered emotional distress when he sued them

The Los Angeles Area Chamber of Commerce has endorsed Los Angeles school board member Tamar Galatzan in the Los Angeles City Council district race to replace newly elected city Controller Wendy Greuel.

The Los Angeles Area Chamber of Commerce has endorsed Los Angeles school board member Tamar Galatzan in the Los Angeles City Council district race to replace newly elected city Controller Wendy Greuel.

Metro-Goldwyn-Mayer Inc., which is struggling with a roughly $3.7 billion debt load, said it has replaced chief executive Harry Sloan with a team of senior executives and a well-known restructuring adviser.

Metro-Goldwyn-Mayer Inc., which is struggling with a roughly $3.7 billion debt load, said it has replaced chief executive Harry Sloan with a team of senior executives and a well-known restructuring adviser.

As Los Angeles International Airport moves ahead with its $5 billion renovation project, the airport commission hired a high-profile lobbying firm to solicit changes in federal law that would require airline passengers to foot a larger portion of the bill

The latest incarnation of DreamWorks has launched as principal partners Steven Spielberg and Stacey Snider and India's Reliance Big Pictures announced completion of the first phase of funding for DreamWorks 3.0.

Greenberg Glusker, a Century City law firm specializing in real estate and entertainment law, has named Bob Baradaran chairman of the firm's real estate group. Previously, Baradaran was a partner in the group.

The Los Angeles Business Journal's index of the 200 largest local public companies closed flat for the week ended Aug. 14 as gains in industrial stocks offset losses in the finance and consumer sectors.

Thursday, August 13

A week before shareholders decide whether to take the company private, Tarrant Apparel Group said it had eked out a small profit in its second quarter as the recession continues to batter the retail sector.

Wednesday, August 12

Managed care giant Kaiser Permanente, said it would eliminate more than 1,800 positions statewide as it struggles with drooping membership, uncertain healthcare reform and shriveling Medicare reimbursement rates.

Workers' compensation insurance rates in California should increase 23 percent next year, according to recommendation from the governing board of the Workers' Compensation Insurance Rating Bureau, an industry actuarial body.

In the business world there's secretive and then there's Philip Anschutz. Lately Anschutz, whose properties include Los Angeles' AEG Inc., has been heavily invested in rehabbing the distressed career of Michael Jackson , even after the singer's death.

DTS Inc. reported a 157 percent higher second quarter profit thanks to sales of its sound enhancement technology for Blu-ray media products. The company also raised its full-year outlook, but shares fell Tuesday on an analyst's downgrade.

Monday, August 10

The San Fernando Valley's adult entertainment business has weathered several recessions since it took off with the advent of home video in the 1980s. The industry now is dealing with more than just a weakened economy.

Maguire Properties Inc. reported a wider second quarter loss and intends to default on loans for seven office properties in Los Angeles and Orange counties, either selling the properties or letting the banks take them over.

The Los Angeles City Council approved a $30 million loan to L.A. developer CIM Group to partially fund renovation of the Kodak Theatre in Hollywood for a 10-year Cirque du Soleil show due to open in summer 2011.

TV personality and new businesswoman Brooke Burke may have more than 1 million people "following" her on Twitter, the popular blogging service, but Burke, co-chief executive of online startup ModernMom.com, admitted that she didn't even want to join Twitt

EpixHD.com is a dash of Hulu and a sprinkle of YouTube, features a crystal clear picture, can rewind or fast-forward at lightning speed, and doesn't require a download of any special software. But what about its content?

Storage facility landlord Public Storage said that despite a revenue decline, it saw higher second quarter net income. Funds from operations increased due to lower expenses and foreign currency exchange gains.

Former employees of Aurora Las Encinas Hospital, a private psychiatric facility in Pasadena, filed a class-action lawsuit against the owner alleging that chronic understaffing has compromised patient care.

Jack Klunder, a former president of the Los Angeles Times, has been named publisher of the Los Angeles Daily News. In the South Bay, Linda Lindus has been recruited from Washington state to become publisher of the Daily Breeze and Long Beach Press-Telegra

Wednesday, August 5

True Religion Apparel Inc. said its second quarter earnings rose 18 percent as the Vernon apparel maker expanded distribution of its premium denim and made efforts to solidify its brand amid the recession.

Despite a sluggishness video game market, Activision Blizzard Inc.'s second-quarter net income slightly surpassed analyst expectations, helped by its "World of Warcraft" franchise and the new "Prototype".

Columbia Pictures and concert promoter AEG Live have struck a deal to make a Michael Jackson movie using video of his "This Is It" concert rehearsals taken days before the King of Pop died in June, according to court documents.

Tuesday, August 4

The Los Angeles operator of the World Poker Tour announced Tuesday that it is selling essentially all of its assets to private equity group Gamynia Ltd., which will move the company into online gaming.

Anti-inflammatory drugs that includes Amgen Inc.'s Enbrel must start carrying stronger warnings about the increased risk of sometimes fatal cancer in children and adolescents, the U.S. Food and Drug Administration said.

A ruling by the group that controls international swimming competition will force Speedo USA to change plans for some technical innovations, but it won't stop the L.A. company's Aqualab from building faster swimsuits.

Grueling conditions are largely the rule for reality shows like "Project Runway" and "Hell's Kitchen." With no union representation, participants on reality series are not covered by Hollywood workplace rules.